Not crazy about significant weight cutting, I'd rather they just add a few more weight classes.
ie:
125, 135, 145, 155, 170, 185, 205, 265
Vs
125, 135, 145, 155, 165, 175, 185, 200, 215, 215+
Don't think this would water down divisions at all as there is more than enough talent to go around.